Pursuant to the authority granted by §§ 467 and 467-d of the Real Property Tax Law,[1] a partial tax exemption from real property taxation for certain real property owned by persons 65 years of age or over shall be effective in the Village of North Haven as to taxes imposed by the Village of North Haven.
[Adopted 6-16-1983 by L.L. No. 5-1983; amended in its entirety 8-4-1986 by L.L. No. 7-1986]
[Amended 10-6-1986 by L.L. No. 8-1986; 2-5-1991 by L.L. No. 1-1991; 1-5-1993 by L.L. No. 1-1993; 1-3-1995 by L.L. No. 1-1995; 5-7-1996 by L.L. No. 1-1996; 11-2-2009 by L.L. No. 5-2009; 2-15-2023 by L.L. No. 2-2023]
Persons 65 years of age or over owning qualifying real property in the Village of North Haven shall be eligible for a tax exemption in the following percentages, provided that said persons meet the following maximum annual income eligibility requirements:
Annual Income | Percentage of Assessed Valuation Exemption from Taxation |
$50,000 | 50% |
$50,001 up to $51,000 | 45% |
$51,001 up to $52,000 | 40% |
$52,001 up to $53,000 | 35% |
$53,001 up to $53,900 | 30% |
$53,901 up to $54,800 | 25% |
$54,801 up to $55,700 | 20% |
$55,701 up to $56,600 | 15% |
$56,601 up to $57,500 | 10% |
$57,501 up to $58,400 | 5% |